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(REF: R1898)  Spacious Old Established Chinese Hot Food Takeaway
 
Seller Reference: R1898
B4S Reference: 21661
Asking Price: £69,950
Net Profit: Undisclosed
Sales Revenue: £140,400
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: South London, London, United Kingdom
  Business Summary   
  Nationwide are pleased to offer to the market : This old established Chinese Hot Food Takeaway has been in the same hands for the past 16 years and is now solely offered for sale due to retirement.

These spacious premises only offer Takeaway and no deliveries are undertaken, in our opinion the business offers tremendous potential with the introduction of deliveries. It will be appreciated upon inspection that in view of the spacious premises there is potential to convert the premises into a Restaurant area, if desired.

SPACIOUS SINGLE FRONTED PREMISES with ceramic tiled floor, suspended ceiling with concealed lighting. Customers front area with bench seating for customers waiting. Counter.

Large adjoining level kitchen with ceramic tiled floor, tiled walls. The equipment includes stainless steel extractor unit, 8-burner Chinese cooker, 6-burner gas cooker with oven, 3 upright single door fridges, stainless steel tables, double sink and drainer.

Large rear stockroom with quarry tiled floor, 2 chest deep freezes, shelving etc.

Staff cloakroom with w.c. and wash hand basin

There are 2 additional cloakrooms (not utilized at present)

WE ARE INFORMED the turnover averages £2,700/£2,800 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of deliveries.

We understand the premises are held on a secure renewable lease for a period of 14 years from September, 2009 at a rental of £17,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx.

AS STATED THIS SPACIOUS CHINESE HOT FOOD TAKEAWAY HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
  Property Information   
  Property: Leasehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Small yard at rear
 
  Location: Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, SW
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  Monday - 12 noon - 2 p.m. & 5 p.m. - 11 p.m.
CLOSED ALL DAY TUESDAY
Wednesday - Saturday inclusive - 12 noon - 2 p.m. & 5 p.m. - 11 p.m.
Sundays & Bank Holidays - evenings only - 5 p.m. - 11 p.m.
  Summary of Staffing   
  The business is at present operated by a husband and wife team with the assistance of 1 of their daughters on a part time basis plus 1 part time staff employed.





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